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slow-growth

Society 11 months ago

PREMIUM
Government expects smaller ‘mudik’ amid bleak economy

The government is expecting a significant drop in the number of people partaking in the Idul Fitri tradition of mudik (exodus) this year as many Indonesians endure a tougher financial situation amid President Prabowo Subianto’s sweeping austerity measures.

Business 6 years ago

Coronavirus could damage global growth in 2020: IMF

The coronavirus epidemic could damage global economic growth this year, the IMF head said Sunday, but a sharp and rapid economic rebound could follow.

Business 6 years ago

PREMIUM
SEZ developing at snail's pace amid lack of investor interest

The development of special economic zones (SEZ) in Indonesia is progressing at snails’ pace as investors remain reluctant to open factories in the designated areas despite promised government incentives.